DWP, pensions, stewardship

Trustees of occupational pension schemes with more than £5bn will be required to publish a TCFD report

The government has confirmed details of how UK pension schemes will be required to report on climate change issues affecting their portfolios.

The …

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Biden returns US to Paris Agreement and appoints proxy voting advocate

Allison Herren Lee takes the top regulatory job

Joe Biden has already shown his commitment to acting on climate change, bringing the US back into the Paris accord and appointing Allison Herren Lee as acting chair of the Securities and

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UK cracks down on Chinese imports linked to forced labour

Government takes up the plight of Uyghur Muslims

The UK government is introducing new rules to prevent the import of goods suspected of using forced labour in China’s Xinjiang province.

Foreign secretary Dominic Raab told the House of Commons on …

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RPMI Railpen urges government to protect shareholder rights

The UK pension investor among those demanding government protects minority shareholders in its listings review

RPMI Railpen, the investment manager for the railways pension schemes, is urging the government to protect minority shareholder rights in its response to HM Treasury’s

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Institutional investors back IFRS’s proposal for ESG reporting standard

More than 450 asset managers and pension funds responded to a consultation on standardised reporting

Some of the world’s biggest pension funds and institutional investors are backing the International Financial Reporting Standards Foundation’s (IFRS) proposal for standardised sustainability reporting.

Last …

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NYSE backtracks (again) on Chinese delistings

The exchange will drop three Chinese telecoms companies after criticism from the US Treasury

The New York Stock Exchange has decided to delist China’s three largest telecoms giants after reversing the decision just a few days earlier.

NYSE said it …

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CII backs Nasdaq’s proposal to improve diversity on boards

Companies could be delisted if they fail to meet ‘comply or explain’ requirement

The Council of Institutional Investors (CII) has thrown its weight behind Nasdaq’s proposal that would require companies to disclose board diversity or potentially face delisting.

In a …

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Investors urge DoL to pull ESG proposals

Wisconsin Democrat wants to put investors back in charge

US Senator Tammy Baldwin has proposed new legislation that would reverse a final rule from the Department of Labor (DOL) to limit retirement plans from voting on corporate proxies.

On 11 …

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Luckin Coffee scandal

Coffee chain misdoings alerted regulators to potential irregularities with overseas companies listed in the US

Luckin Coffee will pay a $180m fine to settle accounting fraud charges as the US Securities and Exchange Commission (SEC) ramps up scrutiny of Chinese …

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Nasdaq proposes diversity disclosure for listed companies

Nasdaq proposes diversity disclosure for listed companies

The stock exchange group wants companies to disclose diversity data and impose minimum representation requirements 

Nasdaq has filed a proposal with the US Securities and Exchange Commission (SEC) that, if approved, would require all companies listed on Nasdaq’s US exchange

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